Category: Tether (USDT)

Establishing Support & Bitcoin Gold

At present, the bull structure above $5k doesn’t have any support. In order for Bitcoin to move higher, it needs to establish support, making the previous $5k resistance zone a support zone. We haven’t done that yet. This is the way of markets, previous resistance becomes subsequent support. Therefore, Bitcoin will be making its way back down to $5k, attempting to …

This article was originally published on: The Tether Blog on